Earthport Share Discussion Threads

[josephmanna] 14/9/2017 14:34

topped up.

[epo4eva] 14/9/2017 11:49

SIPKSTAG - The bank is new and modern and more advanced. Its suits us better. Any links about the smells or is that your FAKE news??

[silkstag] 14/9/2017 10:15

US baby bank formed in 2008 smells immaterial. Should not be an RNS. Earthtanic fake news cannon fire could be the opening act for a disaster funding round to cover the losses from the unit price slide travellator and bloated london city overheads. All imho

[isaready] 14/9/2017 10:09

I'm thinking what business are they pushing for in the USA. Maybe it's part of their supply chain.

Their banks it seems are driving lot of new opportunities as they have stated. This is great.

[nimrod22] 14/9/2017 08:03

Time to push up past 30p

[chadders] 14/9/2017 07:56

That's another new significant deal. I can smell a troll roasting.

[josephmanna] 13/9/2017 23:53

Silkstag, India loss making low balls?

Again a fabrication and lie.

They have said "Significant".

Sounds like you suffer from envy. Terrible shame pumpkin 🎃 you need a cuppa.

Servers in London Silky baby, you know that's pathetic. The services are priced to be super competitive and with the advent of elastic pay as you go cloud services, its even cheaper.

Pppaaathetic.

[silkstag] 13/9/2017 22:51

Lowball loss-making business in Africa and India. Yeah. They really will pay london city staff to sit in london city offices with London city servers. Imho

[chadders] 13/9/2017 19:58

"On the commercial side of the business, a total of 143 new opportunities are currently in the pipeline across Europe, the Americas, Middle East and APAC. Our client mix continues to evolve in line with our long-term strategy of establishing our presence in the industries we serve, with banks driving the majority of the contracted new opportunities. In addition, we have broadened our strategic relationship with Bank of America Merrill Lynch (BofAML) by expanding the service which adds numerous new countries and currencies to the bank's online and file based banking portal, CashPro(R)".

[chadders] 13/9/2017 19:46

For those who may be worried that we don't get the growth and efficiencies to be breakeven next term (at the very least) ....

"Key investments in the period included the launching of the India strategy, building on the Reserve Bank of India approval, allowing Earthport to work with all Indian banks for outbound payments. This is a significant opportunity to serve the extensive Indian market. In addition, we have expanded our focus on serving the eCommerce sector in the US where the early indicators are positive. Our Network is a unique asset and we have added to it by forming a new partnership with Asian United Bank (AUB) in the Philippines, as well as launching a new route to Bangladesh, while strengthening our existing Network presence with a number of operational improvements. We currently have more than ten new countries in our Network pipeline and expect to cover most of Africa during the next 12 months".

[danstillin] 13/9/2017 18:55

Sorry Eva I'm new to this game thought I was replying to Silkstag

[danstillin] 13/9/2017 17:29

I can't but if transactions continue to grow at the rate of last year a 67 pc increase we can stand a slight decrease in the cost of transaction especially if this brings in large investors. We should get some information next month when the accounts are published.

[epo4eva] 13/9/2017 17:14

SILKSTAG - How can you do profit and loss without saying how many TRANSACTIONS they will do?

[danstillin] 13/9/2017 17:08

Silkstag first of all I expect break even during this financial year. Secondly I expect management and admin costs to remain about the same.Transaction price may well fall slightly but if that increases the amount of transactions by the same as last year then I would be happy. Don't get me wrong I have been an investor in this company a long time and I have had my disapointments. I have stuck it out and honestly believe we are about to take off during the next couple of years. I don't know what inspires you to talk it down all the time. If you have lost money investing in this company I am sorry to hear it but why not just leave it alone and if you are proven right in the end I will admit it. But I think you are very wrong now is the time to invest.

[silkstag] 13/9/2017 16:28

Dan, do you expect:
1) Fy17 accounts loss wider than fy16? Yes or no?
2) management reduced disclosed fy17 admin costs by capitalising more than £1m? Yes or no?
3) management tenporarily increased (fiddled) 30 June 17 cash by delaying paying creditors? Yes or no?
4) Fy18 unit transaction price to fall 20% or more? Yes or no?
I expect yes, yes, yes and yes. These answers are vital to understanding the true fy17 performance and fy18 prospects. All Imho

[danstillin] 13/9/2017 16:17

Sorry the wording confused me.

In a trading update on Monday, Earthport reported an EBITDA loss of £2.4m for last year, significantly down from the £6.9m the year before.

This was driven primarily by a 33% increase in revenue to £30.3m, made up principally from the company's existing client base. It also saw gross profit increase almost 30% to £20.7m on last year's £15.9m.

Earthport stated the total amount of transactions increased by just less than half to $17.5bn from $11.8bn, and that the total number of transactions jumped up 67% to 11m from 6.6m. Average revenue per transaction however, dropped to £2.64 from £3.12.

[epo4eva] 13/9/2017 14:40

Danstillin do you mean around 90% increase in transactions?

[danstillin] 13/9/2017 14:20

Silkstag can I please check your theory that the company is moving in the wrong direction if the number of transactions went up by almost 50pc to 11m and the average cost to the client per transaction dropped 15pc from £3.12 to £2.64 then how is that not a massive move in the right direction towards profit. Running costs were also reduced slightly. I would settle for similar figures every year. Soon we would all be having a party.

[danstillin] 13/9/2017 13:21

Could be because River and Mercantile have increased their holdings in the company to over 5pc.

[danstillin] 13/9/2017 13:16

Please check today's trades just short of 2 million traded on 8th Only just released.

[epo4eva] 13/9/2017 13:10

SILKSTAG - We only need a 20% increase in transactions??
Last update the transactions went from 6 to 11 million about 90%. WHAT ARE YOH WORRIED ABOUT?

[silkstag] 13/9/2017 12:40

EPO also would need 20% more transactions just to naintain turnover at £30m, never mind griw it. Imho

[silkstag] 13/9/2017 12:37

Chadders, if the fy18 gross margin falls another 2% to 66% (as it fell from 70% to 68% fy16 to fy17) then your alleged post-growth breakeven would be another loss. You ignore the unit price slide travellator. Imho

[isaready] 13/9/2017 12:34

eh, how did I do that ;-)

Don't blame me.

Sorry, but what do you mean there are HUGE delayed buys? Where can that information be seen?

SS would have you believe the world has ended.

I'm trying to work out the following:

If I say IF as its speculative and unlike SS, pretend its the truth, but if they hit their next target what will it mean to their bottom line and the share price

Year 2018
Year 2019
Year 2020

So a three year view.

Any views on turnover, profits (if any), cash balance, share price on this will be appreciated.

I wanted to find their current forecasts?